Washingtons partisan battle. Joining us now is bloombergs chief content officer marty schenker. Many people thought this was an inspired choice. It ticks so many boxes. Just your sense of what this means for how washington is now going to operate. Martin i wouldnt describe it as necessarily inspired. It is an inspiring lee safe inspiringly safe choice because she is so wellknown on both sides of the aisle. I think she will have a relatively easy time getting confirmed. She is a traditionalist in many ways. She has been at the fed. Shes been at the white house. Shes a great believer in consensus. I think that is what you are going to need with the incoming treasury secretary. Alix nonetheless, it is the first woman treasury secretary, the first woman to lead the fed. This is definitely in that respect a boulder choice. However, how do the progressives feel about her . Marty i think they are very supportive. There is reporting out there that Elizabeth Warren was the person who recommende
Participating in the trial. We want to break it down more. What do we know . What are the questions . Reporter pfizer is telling us they have a vaccine that appears to be more than 90 effective. They studied this immunization in 43,000 people, and within about a week after the second dose, they found that more than 90 of people who got the vaccine were protected against the actual coronavirus. Know that it didnt take very long. We dont know the actual numbers of how we people were infected, but if we are looking at more than a 90 effectiveness rate, which was much higher than anyone expected, we are getting suggestions that this vaccine is quickly protective for many people. We still dont have news on how long it is going to last. We dont know whether or not there will be any safety signals. After that, they might be filing for emergency use authorization. Jonathan what kind of vaccine is this alix what kind of vaccine is this . Vaccine. It is an mrna theres nothing like this that exis
Well see those purple triangles finally disappear. About 10,000 customers are still in the dark this morning. At last check, electricity has been restored to 335,000 customers. Many of them lost electricity on sunday. We are still at risk of fires even if the red flag warning is over. A small wildfire broke out before 8 00 last night. This is in napa and sonoma counties. Crews were able to get that under control. In orange county, its quite a different story. The race to contain two fastmoving wildfires being pushed by the santa ana winds, nearly 70,000 people are under a mandatory evacuation this morning. Jobina is tracking that and these questions about how one of these fires started. Jobina . Thank you. Good morning. Fire crews say they could see a break later today when the winds start to die down. The fires started on monday. So far the silverado fire in the hills above irvine burned 13,000 acres. Its 5 contained. The blue ridge fire is about 15 miles away. It burned 15,000 acres
Mnuchin and says there is no agreement yet, and Majority Leader Mitch Mcconnell saying republicans and democrats still far apart, and even if both sides come to an agreement, it could be too little, too late. There has been no financial bridge to help a lot of individual americans, families withstand the recession. We are seeing a lot of bluechip release alike disney warning sign, telegraphing job cuts. The question is, if we dont get some sort of government stimulus, whether this could actually accelerate. Joe thats the big story. Duringdisney yesterday our show, more news coming out on layoffs just now. It does feel like some of the bigger corporate announcements are gathering steam a little bit. Europe, continental, shell. These are not furloughs the way that some of the layoffs were earlier in the year. These are deeper, permanent, more restructuring as the new environment starts to become clearer. Romaine disney there, you see the 28,000. Those were originally furloughs. The idea
R justately ben laidle calls it a q4 melt up to come. Jonathan pointing out that the u. S. Election volatility could fade. The data might continue to improve. The market might grind higher. But the numbers we are seeing from some of the big employers around the world are not pretty. Tom terrible. I am so glad you bring this up. Horrific, but once again, you separate stock market activity from the social cost we are seeing right now. Jonathan 90 minutes away from claims data, lisa. Lisa we will be finding out a backward look at the latest claims. I say backward look even though is a weekly initial claims that i because we will also be getting a backward look at the income people received in the month of august. One thing i will be watching is the copious amount of additional fed speak. I want to know how much stress they are seeing within the banking sector. And then the theater in washington, d. C. Continues. Steve mnuchin and nancy pelosi continue to talk. Is this just theater, or is